TENNESSEE (STATE EXAM) REAL
ESTATE EXAM 2025 QUESTIONS AND
ANSWERS
Regulatory Powers - ANS Enable the agency to pass specific regulations and rules to support
the administration of the license law
Judicial Powers - ANS Enable it to conduct hearings and investigations into the activities of
licensees and to rule on license suspensions or revocations
Administrative Powers - ANS Enable it to establish the staff organization, records, and
facilities to manage the licensing process and the licensees themselves
Mission of the Tennessee Real Estate Commission - ANS Protect the public
TREC consists of how many members? - ANS 9
Who appoints members of TREC? - ANS Governor
How many years are the TREC member terms? - ANS 5
Who chooses the TREC chair, vice chair, and executive director? - ANS The commission
Affiliate Broker - ANS • High school diploma
COPYRIGHT © 2025 THESTAR ALL RIGHTS RESERVED 1
, • Completion of 60 classroom hours + 30 credits
Broker - ANS • Must have high school, 120 classroom hours, 90 credits,
Time Share Salesperson - ANS • High school diploma
• 30 classroom hours
Only take state part of PSI exam
Contract - ANS Agreement between 2 or more parties who, in a "meeting of the minds" have
pledged to perform or refrain from performing some act
Exclusive Listing Agreement - ANS Legally enforceable real estate agency agreement
between a real estate broker and a client, authorizing a real estate licensee to act as a parties
exclusive agent for the purchase, sale, or lease of real estate
Commingling - ANS Mixing escrow funds into the same account as non escrow funds
Conversion - ANS Using escrow funds for the wrong purposes
Consumer Protection Act - ANS Law makes it a Class B Misdemeanor to commit any unfair or
deceptive act in any trade or commerce
Time Share Estate - ANS Ownership/leasehold estate in property devoted to a time share
fee, tenants in common, time span ownership, interval ownership, and a time share lease
Time Share Program - ANS Arrangement for time share intervals in a time share project
where use is subject to a schedule on a periodic basis occurring annually over any period of
time in excess of 1 year
COPYRIGHT © 2025 THESTAR ALL RIGHTS RESERVED 2
ESTATE EXAM 2025 QUESTIONS AND
ANSWERS
Regulatory Powers - ANS Enable the agency to pass specific regulations and rules to support
the administration of the license law
Judicial Powers - ANS Enable it to conduct hearings and investigations into the activities of
licensees and to rule on license suspensions or revocations
Administrative Powers - ANS Enable it to establish the staff organization, records, and
facilities to manage the licensing process and the licensees themselves
Mission of the Tennessee Real Estate Commission - ANS Protect the public
TREC consists of how many members? - ANS 9
Who appoints members of TREC? - ANS Governor
How many years are the TREC member terms? - ANS 5
Who chooses the TREC chair, vice chair, and executive director? - ANS The commission
Affiliate Broker - ANS • High school diploma
COPYRIGHT © 2025 THESTAR ALL RIGHTS RESERVED 1
, • Completion of 60 classroom hours + 30 credits
Broker - ANS • Must have high school, 120 classroom hours, 90 credits,
Time Share Salesperson - ANS • High school diploma
• 30 classroom hours
Only take state part of PSI exam
Contract - ANS Agreement between 2 or more parties who, in a "meeting of the minds" have
pledged to perform or refrain from performing some act
Exclusive Listing Agreement - ANS Legally enforceable real estate agency agreement
between a real estate broker and a client, authorizing a real estate licensee to act as a parties
exclusive agent for the purchase, sale, or lease of real estate
Commingling - ANS Mixing escrow funds into the same account as non escrow funds
Conversion - ANS Using escrow funds for the wrong purposes
Consumer Protection Act - ANS Law makes it a Class B Misdemeanor to commit any unfair or
deceptive act in any trade or commerce
Time Share Estate - ANS Ownership/leasehold estate in property devoted to a time share
fee, tenants in common, time span ownership, interval ownership, and a time share lease
Time Share Program - ANS Arrangement for time share intervals in a time share project
where use is subject to a schedule on a periodic basis occurring annually over any period of
time in excess of 1 year
COPYRIGHT © 2025 THESTAR ALL RIGHTS RESERVED 2
